Kovack Advisors Inc. Increases Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Kovack Advisors Inc. increased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,901 shares of the company’s stock after purchasing an additional 14,788 shares during the period. iShares Core S&P 500 ETF makes up approximately 10.0% of Kovack Advisors Inc.’s holdings, making the stock its biggest position. Kovack Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $84,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IVV. International Assets Investment Management LLC lifted its stake in iShares Core S&P 500 ETF by 42,439.0% during the 4th quarter. International Assets Investment Management LLC now owns 8,628,195 shares of the company’s stock valued at $4,121,085,000 after acquiring an additional 8,607,912 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares Core S&P 500 ETF by 86.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,890,478 shares of the company’s stock worth $7,682,737,000 after purchasing an additional 8,316,251 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth approximately $2,335,886,000. Morgan Stanley lifted its stake in shares of iShares Core S&P 500 ETF by 42.9% in the 3rd quarter. Morgan Stanley now owns 17,592,483 shares of the company’s stock worth $7,554,741,000 after purchasing an additional 5,277,616 shares during the period. Finally, FMR LLC lifted its stake in shares of iShares Core S&P 500 ETF by 28.4% in the 3rd quarter. FMR LLC now owns 7,076,479 shares of the company’s stock worth $3,038,852,000 after purchasing an additional 1,566,107 shares during the period.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV traded up $4.95 during trading on Friday, hitting $510.77. The company’s stock had a trading volume of 4,026,729 shares, compared to its average volume of 5,844,797. The company has a 50-day moving average of $514.07 and a 200-day moving average of $481.35. iShares Core S&P 500 ETF has a 12 month low of $405.54 and a 12 month high of $527.16. The firm has a market cap of $437.53 billion, a price-to-earnings ratio of 25.43 and a beta of 0.99.

iShares Core S&P 500 ETF Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.